SINGLES ON SAILBOATS INC

EIN: 521278284

Annapolis, MD

Total Revenue
$133,944
Total Expenses
$109,831
Total Assets
$353,582
Net Assets
$227,685
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MD
Principal Officer
Rebecca Strandberg
Phone
4107984098
Tax Period
2019-01-01 to 2019-12-31

SINGLES ON SAILBOATS INC, founded in 1980, is a small nonprofit that reported $134K in total revenue in fiscal year 2019. The organization ran a surplus of $24K, a strong 18% operating margin.

Mission

Social and recreational organization for single adults who wish to sail. Programs include sailing on the Chesapeake Bay as well as occasional extended trips in other areas. Education and social activities include seminars on sailing skills, winter brunches, and parties that are generally held at weekend sailing destinations. SOS is a volunteer based organization of approximately 500 members.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $25,359
Program Service Revenue $108,271
Investment Income $68
Other Revenue $246
TOTAL REVENUE $133,944

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $77,800
Other Expenses $109,831
TOTAL EXPENSES $109,831

Year-over-Year Comparison

2019 2018 Change
Revenue $133,944 $138,938 0.0%
Expenses $109,831 $111,827 0.0%
Net Income $24,113 $27,111 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
300

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerry Axler Director 2
Director
$0 $0 $0
Jan Warfield Director 2
Director
$0 $0 $0
Janet Gonski Director 5.0
Director
$0 $0 $0
Coco Lanquetiut Director 2.0
Director
$0 $0 $0
Dana Stoffregen Director 2.00
Director
$0 $0 $0
Rebecca Strandberg Commodore 10
Officer
$0 $0 $0
Sandy Rosswork Vice Commodore 5
Officer
$0 $0 $0
Cathy Laws Secretary 5
Officer
$0 $0 $0
Teresa Scofield Treasurer 20
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $133,944 $109,831 $353,582 $24,113
2018 $138,938 $111,827 $277,390 $27,111
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